https://www.taxtmi.com/caselaws?id=28384 The court upheld the Tribunal's decision, emphasizing the legal principles governing partnership dissolution and reconstitution in the context of income tax assessments. The judgment favored the assessee, directing the Revenue to bear the costs incurred. The court affirmed the need for separate assessments for distinct periods within an assessment year under section 188 of the Income Tax Act, 1961, due to the clear dissolution of the old firm and the establishment of a new entity. en-us Mon, 13 Jun 1983 00:00:00 +0530 Mon, 22 Feb 2010 11:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28384 The court upheld the Tribunal's decision, emphasizing the legal principles governing partnership dissolution and reconstitution in the context of income tax assessments. The judgment favored the assessee, directing the Revenue to bear the costs incurred. The court affirmed the need for separate assessments for distinct periods within an assessment year under section 188 of the Income Tax Act, 1961, due to the clear dissolution of the old firm and the establishment of a new entity. Case-Laws Income Tax Mon, 13 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28384